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Home » Feds indict ex-Acclarent execs | The week in medtech M&A

Feds indict ex-Acclarent execs | The week in medtech M&A

April 15, 2015 By MassDevice

Feds slap former Acclarent execs with fraud charges

April 13, 2015 by Brad Perriello

Feds slap former Acclarent execs with fraud charges

Federal prosecutors last week leveled conspiracy and fraud charges against 2 former executives of Acclarent for an alleged off-label marketing scheme for the Relieva Stratus microflow spacer.

Former Acclarent CEO William Facteau and ex-sales vice president Patrick Fabian are accused of seeking to “quickly develop and market products to create a projected revenue stream that would make Acclarent an attractive target for either an initial public offering or acquisition,” according to the U.S. Justice Dept. Johnson & Johnson subsidiary Ethicon paid $785 million for Acclarent back in 2010. Read more

Zimmer extends deadline for $13B Biomet deal

April 14, 2015 by Brad Perriello

Zimmer extends deadline for $13B Biomet deal

Zimmer said that it’s extending the “outside date” for its merger with crosstown rival Biomet by 3 months as it waits for the U.S. Federal Trade Commission to approve the $13.34 billion deal.

Zimmer said it’s pushing the deadline for the deal back from April 24 to July 23, citing a provision in the agreement with Biomet allowing a 90-day extension if anti-trust clearances aren’t in hand. Read more

Big data: IBM enlists Medtronic, J&J, Apple in major healthcare push

April 14, 2015 by Brad Perriello

IBM enlists Medtronic, J&J, Apple in major healthcare push

International Business Machine unveiled a massive push into healthcare built on its Watson supercomputer, inking deals with Medtronic, Johnson & Johnson and Apple and acquiring assets for its data cloud.

IBM said its Boston-based Watson Health business is building a “Watson Health Cloud,” a “HIPAA-enabled” platform for “physicians, researchers, insurers and companies focused on health and wellness solutions.” The deals with Medtronic, J&J and Apple are aimed at optimizing medical and mobile devices for data collection, analysis and feedback, IBM said. Read more

Filed Under: Mergers & Acquisitions, News Well Tagged With: Acclarent Inc., Apple, Biomet, EarLens, Ethicon, Explorys, Federal Trade Commission (FTC), IBM, Johnson and Johnson, NxThera Inc., Phytel, Zimmer Biomet

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RSS From Medical Design & Outsourcing

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  • Zimmer Biomet narrowly avoids shareholder rebuke on executive pay
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